Issue - meetings

FSD19027

A Member queried why there were estimates showing for the Biggin Hill Memorial Museum in 2019/20 and 2020/21, when the Museum had actually been built and was operational. It was explained that this was expenditure that  related to the operational funding that had been provided by the National Lottery (Heritage Lottery Fund) over a three year period.

The Head of Finance drew attention to the fact that the Executive would be asked to approve an increase in the capital programme to reflect the additional S106 funding of £1.321m that had been received for Housing, and the adjustment of £671k needed for the My Time Investment Fund scheme.

The Chairman drew attention to the table on page 39 of the agenda which outlined the approved capital programmes for the Portfolio. He highlighted the financial information that related to ‘Crystal Palace Park — Alternative Management Options’. He asked why the revised estimate to February 2019 was £93k, while the previous revised estimate to November 2018 had been £433k. It was clarified that this was because the remaining budget had been re-phased to 2019/2020.

RESOLVED that

1) The Portfolio Holder confirms the changes agreed by the Executive on 13^th February 2019.

2) The Portfolio Holder notes that in the 2018/2019 Capital Outturn report, the Executive will be requested to agree the increases in the Housing Unallocated PIL, and also the requested Mytime Capital Investment of £671k.